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Latest data released by Eurostat – 14 February 2019 GDP +1.2% vs +1.2% y/y prelim ForexLive Preliminary readings can be found here. All in-line with initial estimates. Nothing from the release here to really change the current predicament following the release of the German GDP data earlier. EUR/USD sits at 1.1275 now, recovering some ground
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The GBP/USD pair trades around 1.2865 during early Thursday. The pair reversed from 1.2840 on news of likely delayed Brexit. The 1.2840 may offer immediate support contrast to 1.2920 acting as nearby resistance. The British Pound (GBP) took a U-turn from 1.2840 against the USD while heading towards the UK markets’ open on Thursday. The
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Index at eight-week high The Japanese economy expanded 1.4% on an annualized basis in the fourth quarter of 2018, matching economists’ estimates. The positive growth snapped two consecutive months of contraction and helped to avoid a technical recession. Domestic demand was a major driver of the rebound, rising 0.6% while business spending beat estimates with
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Prepared by Jeff Halley, Senior Market Analyst New Zealand gives US dollar birds The sell-off in the US dollar (USD) fizzled as fast as it began overnight, strengthening across the board after positive noises from the trade talks in Beijing. President Trump indicated he would give China more time to complete a deal if necessary
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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The US dollar is higher against most major pairs on Wednesday. The New Zealand dollar is the outlier as it appreciated 0.91 percent after the Reserve Bank of New Zealand (RBNZ) kept rates unchanged as expected at 1.75 percent on Tuesday but was not as dovish adopting a neutral stance. US inflation data came in
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As the government shutdown concerns exit stage left, the debt ceiling worries take center stage.  By law, the debt ceiling will return on March 2nd, where it is expected to be set at the current level around $22 trillion.  To the surprise of no one, political leaders are not expected to reach a quick resolution at the
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